BALTIMORE, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ: LAUR) today announced the closing of an underwritten public offering of 14,087,500 shares of the Company’s Class A common stock by Wengen Alberta, Limited Partnership (the “Selling Stockholder”), the Company’s controlling stockholder, at a price to the public of $14.00 per share. The closing included the sale by the Selling Stockholder of 1,837,500 additional shares of the Company’s Class A common stock pursuant to the full exercise of the underwriters’ option to purchase additional shares. The Company did not sell any shares in the offering and did not receive any proceeds from the sale of the shares by the Selling Stockholder.
Credit Suisse Securities (USA) LLC, Barclays Capital Inc. and BMO Capital Markets Corp. acted as joint lead book-running managers and representatives of the underwriters. Macquarie Capital (USA) Inc. also acted as a lead book-running manager for the offering. Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and KKR Capital Markets LLC acted as book-running managers for the offering. Robert W. Baird & Co. Incorporated, Barrington Research Associates, Inc., Piper Jaffray & Co. and Stifel, Nicolaus & Company, Incorporated acted as co-managers for the offering.
About Laureate Education, Inc.
Laureate Education, Inc. is the largest international network of degree granting higher education institutions, primarily focused in Latin America, with more than 850,000 students enrolled at over 25 institutions with more than 150 campuses, which we collectively refer to as the Laureate International Universities network. The institutions in the Laureate International Universities network are leading brands in their respective markets and offer a broad range of undergraduate and graduate degrees through campus based, online and hybrid programs. Laureate believes that when our students succeed, countries prosper and societies benefit. This belief is expressed through the company’s philosophy of being ‘Here for Good’ and is represented by its status as a certified B Corporation® and conversion in 2015 to a Delaware public benefit corporation, a new class of corporation committed to creating a positive impact on society.
